Canoe Financial LP Sells 34,040 Shares of Moody’s Corporation $MCO

Canoe Financial LP lowered its position in shares of Moody’s Corporation (NYSE:MCO) by 8.0% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 391,882 shares of the business services provider’s stock after selling 34,040 shares during the quarter. Moody’s comprises 2.3% of Canoe Financial LP’s holdings, making the stock its 13th biggest position. Canoe Financial LP’s holdings in Moody’s were worth $170,959,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Cromwell Holdings LLC raised its stake in Moody’s by 5.8% in the 4th quarter. Cromwell Holdings LLC now owns 363 shares of the business services provider’s stock worth $185,000 after purchasing an additional 20 shares in the last quarter. DeDora Capital Inc. boosted its holdings in Moody’s by 1.5% in the 4th quarter. DeDora Capital Inc. now owns 1,315 shares of the business services provider’s stock valued at $672,000 after purchasing an additional 20 shares during the period. Guyasuta Investment Advisors Inc. grew its position in shares of Moody’s by 2.7% during the 4th quarter. Guyasuta Investment Advisors Inc. now owns 753 shares of the business services provider’s stock worth $385,000 after purchasing an additional 20 shares in the last quarter. Carnegie Investment Counsel grew its position in shares of Moody’s by 1.9% during the 4th quarter. Carnegie Investment Counsel now owns 1,081 shares of the business services provider’s stock worth $552,000 after purchasing an additional 20 shares in the last quarter. Finally, Quadrant Capital Group LLC increased its holdings in shares of Moody’s by 0.4% during the third quarter. Quadrant Capital Group LLC now owns 4,899 shares of the business services provider’s stock worth $2,334,000 after purchasing an additional 21 shares during the period. Institutional investors own 92.11% of the company’s stock.

Analysts Set New Price Targets

MCO has been the subject of a number of analyst reports. Morgan Stanley dropped their price target on shares of Moody’s from $526.00 to $489.00 and set an “equal weight” rating for the company in a research report on Tuesday, April 7th. Mizuho reduced their price target on Moody’s from $524.00 to $521.00 and set a “neutral” rating on the stock in a research report on Tuesday, April 28th. BMO Capital Markets restated a “market perform” rating on shares of Moody’s in a research note on Tuesday, May 26th. Rothschild & Co Redburn set a $500.00 target price on Moody’s in a research report on Thursday, June 18th. Finally, Wolfe Research reissued an “outperform” rating and set a $535.00 target price on shares of Moody’s in a report on Thursday, April 23rd. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $541.83.

Moody’s Stock Up 0.1%

Shares of MCO opened at $450.40 on Monday. The firm has a 50 day simple moving average of $450.90 and a two-hundred day simple moving average of $466.58. The company has a debt-to-equity ratio of 2.03, a current ratio of 1.16 and a quick ratio of 1.16. Moody’s Corporation has a one year low of $402.28 and a one year high of $546.88. The company has a market cap of $78.68 billion, a P/E ratio of 32.29, a P/E/G ratio of 2.42 and a beta of 1.35.

Moody’s (NYSE:MCO) last issued its earnings results on Wednesday, April 22nd. The business services provider reported $4.33 earnings per share for the quarter, beating analysts’ consensus estimates of $4.22 by $0.11. Moody’s had a return on equity of 70.97% and a net margin of 31.69%.The firm had revenue of $2.08 billion for the quarter, compared to the consensus estimate of $2.11 billion. During the same quarter last year, the business posted $3.83 EPS. The company’s revenue was up 8.1% compared to the same quarter last year. Moody’s has set its FY 2026 guidance at 16.400-17.000 EPS. Research analysts forecast that Moody’s Corporation will post 16.69 EPS for the current fiscal year.

Moody’s Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 5th. Investors of record on Friday, May 15th were given a dividend of $1.03 per share. This represents a $4.12 annualized dividend and a dividend yield of 0.9%. The ex-dividend date was Friday, May 15th. Moody’s’s dividend payout ratio is currently 29.53%.

Insider Activity

In other Moody’s news, SVP Richard G. Steele sold 158 shares of Moody’s stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $453.67, for a total value of $71,679.86. Following the transaction, the senior vice president owned 1,985 shares in the company, valued at $900,534.95. The trade was a 7.37% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Robert Fauber sold 1,467 shares of Moody’s stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $453.67, for a total value of $665,533.89. Following the completion of the transaction, the chief executive officer owned 52,564 shares in the company, valued at approximately $23,846,709.88. This represents a 2.72% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 4,717 shares of company stock worth $2,137,306 over the last ninety days. 0.14% of the stock is currently owned by insiders.

Moody’s Profile

Moody’s Corporation is a global provider of credit ratings, research, data and analytics that support financial decision-making and transparency in capital markets. The company traces its origins to the early 20th century when financial analyst John Moody began publishing credit information; today Moody’s is headquartered in New York and serves a broad set of market participants including investors, issuers, financial institutions, corporations, governments and regulators.

Moody’s operates primarily through two complementary businesses.